Exposure

ARTICLES ABOUT EXPOSURE BY DATE - PAGE 3

MUMBAI: Standard Life plans to increase its stake in joint venture HDFC Standard Life Insurance Co to 33 per cent from the current 26 per cent after India amends its law increasing the limit of foreign investment in the insurance sector, two people with knowledge of the matter said. The stake purchase will happen before HDFC Life lists its shares, which internal discussions suggest would be at a valuation of Rs 18,000-20,000 crore. India currently limits foreign direct investment in insurance to 26 per cent.

NEW DELHI: Retirement fund body EPFO is considering significantly increasing its exposure to housing finance companies to comply with PMO's suggestion to fund low cost housing in the country. The proposal to relax norms for investing in AA+ rated housing finance companies is likely to be taken up at the meeting of the Employees' Provident Fund Organisation (EPFO) apex decision making body, the Central Board of Trustees (CBT) on December 19, as per agenda of the meeting.

NEW DELHI: Retirement fund body EPFO trustees will consider a proposal to increase the limit for investment in private sector bonds from existing 10 per cent to 15 per cent in their meeting scheduled on December 19. "..in order to utilise the opportunity of earning best possible returns from the available pool of private sector companies it is proposed to increase the limit in private category upto 15 per cent from existing 10 per cent," the...

NEW DELHI: The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of about Rs 33,000 crore at the end of October. This also marks the fifth consecutive rise in mutual fund (MF) industry's exposure to software stocks. Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.

NEW DELHI: Mutual fund managers raised their exposure in bank stocks to an all-time high of nearly Rs 63,000 crore in October this year amid a rally in the stock market. The move comes after fund managers dropped their investment levels in bank stocks in September, after raising it for seven consecutive months. According to the latest data available with Securities and Exchange Board of India , MF investments in bank stocks as on October 31 surged to Rs 62,718 crore, accounting for 19.91 per cent of the total equity assets under management ( AUMs )

KATHMANDU: A group of Nepalese students is visiting Calcutta University to share their experiences and interact with leading educational personalities in India under a student exchange programme announced by Prime Minister Narendra Modi during his visit to the country. Prime Minister Narendra Modi during his visit to Nepal on August 3-4 had announced short courses cum exposure visits for the Nepalese students in the leading universities of India namely Banaras, Kolkata and Delhi University under Nepal-Bharat Maitri Shiksha Karyakram.

NEW DELHI: Mutual fund (MF) managers dropped their exposure in bank stocks to Rs 55,398 crore in September, after raising it for seven consecutive month. According to the latest data available with Securities and Exchange Board of India, MF investments in bank stocks as on September 30 declined to Rs 55,398 crore, accounting for 18.84 per cent of the total equity assets under management (AUMs) of Rs 2.94 lakh crore. In comparison, the MF industry's exposure to banking sector had reached to an all-time of Rs 56,625 crore in August this year.

In a chat with ET Now, Deepak Shenoy , Founder, Capital Mind, shares his views on crude. ET Now: You have strong views on crude, and you were just recently questioning whether or not India should take hedges at 80. Deepak Shenoy: One of the things that we did not do when crude fell to 40 was take hedges at some point. Crude is our biggest biggest import by a very large margin. It is probably double of what gold imports were at their peak. So, it makes sense for us to consider whether we should hedge some or all of this exposure.

MUMBAI: A relatively stable rupee may be prompting corporates not to hedge their foreign currency exposures, but the Reserve Bank (RBI) is not comfortable with such a trending practice. RBI deputy governor H R Khan has warned Indian business entities against leaving their overseas borrowings unhedged, citing shrinking hedging ratios. "It is absolutely essential that corporates should continue to be guided by sound hedging policies and the financing banks factor the risk of unhedged exposure in their credit assessment framework," Khan said at a seminar organised by the Forex Association of India in Guragon.

Wockhardt, once a venerable name in the Indian drug industry, came close to extinction a few years ago. It was not that its business model failed, or that feuding family members were tearing it apart. It was the foreign exchange exposure that it left without hedging which nearly ruined it. Scores of companies faced a neardeath experience after the credit crisis led to unusual movements in currencies which the wizards of finance had forecast would happen once in many decades, or would be as rare as spotting a 'Black Swan.' Something similar may be brewing now. The relative stability of the rupee in the past year may have helped build Indian businessmen's confidence, but that has also lulled them into complacency even as they binge on interest rate arbitrage between the local and international markets.